Thursday, July 9, 2020

Remittances from Europe provide ‘lifeline’ to millions worldwide, says UN agency

According to a report released today by the Rome-based United Nations International Fund for Agricultural Development (IFAD), migrant workers living in Europe last year...

Flydubai plans fifth destination in Pakistan

Dubai-based carrier flydubai plans to launch direct daily flights to Faisalabad, the third largest city in Pakistan, together with an increase in the frequency...

The entrepreneur behind the schoolbag that transforms into a light at night

When South African childhood friends and later entrepreneurs Thato Kgatlhanye and Rea Ngwane finished high school, they knew they wanted to start something that...

Build it and they will come

THE small Polish town of Pacanow has survived wars, revolutions and floods. It is a nondescript place, but it has one advantage over cities...

Entrepreneur of the year: a Bedouin turned businessman

Don't ask Mohed Altrad how old he is. He may be a billionaire, but he doesn't know his age. No records. He's round about...

Zimbabwe dollars phased out

Zimbabwe is phasing out its local currency, the central bank says, formalising a multi-currency system introduced during hyper-inflation.Foreign currencies like the US dollar and...

UAE: Indians, Pakistanis, Filipinos top remittance charts

Top money senders transferred Dh74 billion to their home countries in 2014. Expatriates from India, Pakistan and the Philippines are the biggest money senders in...

African leaders sign off on much-awaited common market ‘super bloc’

African leaders signed Wednesday a 26-nation free trade pact to create a common market that would span half the continent from Cairo to Cape...

Remittances and support for democracy in Africa

Much has been written about the impact of remittance inflows on economic and social outcomes, including economic development, inequality and poverty. But little is...

Forex Africa: It’s A Currency Rout Across Sub-Saharan Markets

As a frontier market, the countries of Africa represent both tremendous opportunities and tremendous risks. On the risk side of the ledger are all...

Latest article

Why The Republic of Somaliland Should Be Recognized

Introduction After a bloody civil war, in January 1991, Siad Barre’s 21-year regime was overthrown in Somalia. The northern half of Somalia declared its independence as the...

Death Toll in Ethiopia Violence Rises to 239 Following Singer’s Killing

At least 239 killed in protests since last week over murder of popular ethnic Oromo singer Haacaaluu Hundeessaa. The death toll from demonstrations and ethnic...

Qatar Confers with Somalia Lower House Speaker on Election-related Issues

The Qatar ambassador to Somalia Hasan Bin Hamza held a closed-door meeting with Lower House Speaker Mohamed Mursal on Tuesday, with the current pre-election...